 A negotiable instrument is discharged: 1. By payment in due course by or on behalf of the principal debtor; 2. By payment in due course by the party accommodated, where the instrument is made or accepted for accommodation ; 3. By the intentional cancellation...  The Southwestern Reporter - Page 111915Full view - About this book
 | Ohio. Supreme Court - Law reports, digests, etc - 1910 - 748 pages
...3175y as follows: ''Discharge of Negotiable Instruments. "Sec. 3175;. [Instrument; how discharged.] A negotiable instrument is discharged : 1 . By payment...instrument at or after maturity in his own right." The section following makes provision for discharge with respect to persons secondarily liable, viz.... | |
 | Utah. Supreme Court, Albert Hagan, John Augustine Marshall, John Maxcy Zane, James A. Williams, Joseph M. Tanner, George L. Nye, John Walcott Thompson, August B. Edler, Alonzo Blair Irvine, Harmel L. Pratt, William S. Dalton, H. Arnold Rich - Law reports, digests, etc - 1909 - 588 pages
...holder. IV. By any other act which will discharge a single (simple) contract for the payment of money. V. When the principal debtor becomes the holder of the...instrument at or after maturity in his own right." Section 120: "A person secondarily liable on the instrument is discharged: I. By an act which discharges... | |
 | Law reports, digests, etc - 1914 - 1406 pages
...section 3509, Rem. & Bal. Code (being a section of the negotiable instruments act), which provides: "A negotiable instrument is discharged: (1) By payment...Instrument at or after maturity in his own right" By this section a negotiable instrument Is discharged when there Is an Intentional cancellation thereof... | |
 | Law reports, digests, etc - 1918 - 1214 pages
...section 3509, Rem. & Bal. Code, which provides that a negotiable instrument is discharged when the debtor becomes the holder of the instrument at or after maturity, in his own right. This statutory provision Is only intended for the protection of parties to the Instrument, as to a... | |
 | Law reports, digests, etc - 1907 - 1166 pages
...by the terms of the instrument he was required to pay it. Section 138 of that article provides that: "A negotiable instrument is discharged : (1) By payment...instrument at or after maturity in his own right." Section 139: "A person secondarily liable on the instrument Is discharged: (1) By any act which discharges... | |
 | Virginia - Law - 1899 - 724 pages
...exchange. ARTICLE VIII. DISCHARGE OF NEGOTIABLE INSTRUMENTS. §119. INSTRUMENT; HOW DISCHARGED. — A negotiable instrument is discharged — 1. By payment...instrument at or after maturity in his own right. § 120. WHEN PERSON SECONDARILY LIABLE ON DISCHARGED. — A person secondarily liable on the instrument... | |
 | Electronic journals - 1917 - 914 pages
...negotiable instruments: "A negotiable instrument is discharged: " (i) By payment in due course by or in behalf of the principal debtor; " (2) By payment in...instrument at or after maturity in his own right. "A person secondarily liable on the instrument is discharged: " (i) By any act which discharges the... | |
 | Maryland - Law - 1898 - 700 pages
...in the case of foreign bills of exchange. CHAPTER IX — Discharge of Negotiable Instruments. 138. A negotiable instrument is discharged : 1. By payment...instrument at or after maturity in his own right. 139. A person secondarily liable on the instrument is discharged : 1. By any act which discharges the... | |
 | Law reports, digests, etc - 1906 - 1408 pages
...the negotiable instruments law provides, by subdivision 5, that a negotiable instrument is discharged "when the principal debtor becomes the holder of the...instrument at or after maturity in his own right," and it was the rule at common law that, in the absence of fraud or mistake alleged and proven, a cancellation... | |
 | Iowa. General Assembly. House of Representatives - Iowa - 1897 - 1164 pages
...required, except in the case of foreign bills of exchange. DI8CHAEGE OF NEGOTIARLE INSTRUMENTS. Sec 126. A negotiable instrument is discharged: 1. By payment...instrument at or after maturity in his own right; Sec. 127. A person secondarily liable on the instrument is discharged: 1. By any act which discharges the... | |
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